WASHINGTON: The United States stands ready to welcome a China-led development bank as long as it complements existing institutions and adopts high governance standards, Treasury Secretary Jack Lew said on Tuesday.
Lew said having the Asian Infrastructure Investment Bank work with existing institutions would demonstrate its backers are committed to high standards of governance.
"I was encouraged by my conversations in Beijing in which China's leaders made clear that they aspire to meet high standards and welcome partnership," Lew said in prepared remarks.
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